revenue estimate and appropriations enacted are standard against which performance is subsequently measured. what implication can be drawn at year

revenue estimate and appropriations enacted are standard against which performance is subsequently measured. what implication can be drawn at year end if there are variances from these standards? if there are no variances?

A variance is a difference between actual results and expected results. The variancefrom estimated revenue and appropriations can be due to following reasons:• Difference between actual sales...